Shares of the following companies had unusual moves in Malaysia trading. Stock symbols are in parentheses and prices are as of the close in Kuala Lumpur.
The FTSE Bursa Malaysia KLCI Index rose 0.8 per cent to 1,565.32, its fifth day of gains and the highest close since July 21.
Cahya Mata Sarawak Bhd climbed 3.2 per cent to RM2.28, its highest close since July 27. The construction company’s power-purchase talks with Sarawak Energy Bhd are ongoing and expected to be completed in coming months, Cahya Mata said in an exchange filing.
Compugates Holdings Bhd, a supplier of cellular phones, calculators and digital cameras, fell 4 per cent to 12 sen, the most since Jan. 30. The company isn’t aware of the reasons for the 39 per cent surge in its share price yesterday, it said in a response to a query by the stock exchange.
Malaysian Resources Corp, a property and construction group, dropped 2.2 per cent to RM2.19, its steepest decline since Jan. 12. Fourth-quarter net income slid 37 per cent from a year earlier to RM26.1 million, according to an exchange filing.
Naim Indah Corp, a property developer, surged 37 per cent to 67 sen, its highest close since October 2000. Its major shareholder Crest Energy Sdn Bhd sold a 22.8 per cent stake in the company to a group led by Raymond Chan, Naim Indah said in an exchange filing. The sharp rise in the price and volume prompted the stock exchange to advise investors today to “exercise caution” in trading the stock.
WCT Bhd, a construction group, jumped 7.8 per cent to RM2.78, its highest close since Aug. 17. The company won a RM300 million contract to build government buildings in Kuala Lumpur, WCT said in a statement. -- Bloomberg
The FTSE Bursa Malaysia KLCI Index rose 0.8 per cent to 1,565.32, its fifth day of gains and the highest close since July 21.
Cahya Mata Sarawak Bhd climbed 3.2 per cent to RM2.28, its highest close since July 27. The construction company’s power-purchase talks with Sarawak Energy Bhd are ongoing and expected to be completed in coming months, Cahya Mata said in an exchange filing.
Compugates Holdings Bhd, a supplier of cellular phones, calculators and digital cameras, fell 4 per cent to 12 sen, the most since Jan. 30. The company isn’t aware of the reasons for the 39 per cent surge in its share price yesterday, it said in a response to a query by the stock exchange.
Malaysian Resources Corp, a property and construction group, dropped 2.2 per cent to RM2.19, its steepest decline since Jan. 12. Fourth-quarter net income slid 37 per cent from a year earlier to RM26.1 million, according to an exchange filing.
Naim Indah Corp, a property developer, surged 37 per cent to 67 sen, its highest close since October 2000. Its major shareholder Crest Energy Sdn Bhd sold a 22.8 per cent stake in the company to a group led by Raymond Chan, Naim Indah said in an exchange filing. The sharp rise in the price and volume prompted the stock exchange to advise investors today to “exercise caution” in trading the stock.
WCT Bhd, a construction group, jumped 7.8 per cent to RM2.78, its highest close since Aug. 17. The company won a RM300 million contract to build government buildings in Kuala Lumpur, WCT said in a statement. -- Bloomberg
